Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

Related Mcqs:

Concerning tariff policy, the United States does not charge?

A. lower tariff rates on goods from nations with normal trade relation status B. lower tariff rates on goods from nations with most favored nation status C. low or zero tariffs on goods from certain developing countries D. identical tariff rates in products from all countries of the world...

Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?

A. sell 4 million pounds of tin B. sell 8 million pounds of tin C. buy 4 million pounds of tin D. buy 8 million pounds of tin...

A widely used indicator to differentiate developed countries from developing countries is ?

A. international trade per capita B. real income per capital C. unemployment per capita D. calories per capita...

The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

A. flying geese B. import substitution C. export orientation D. commodity expansion...

Membership in the World Trade Organization for china ?

A. has been a matter of low priority for the Chinese government B. was achieved in the early 1950s C. has been opposed by a number of labor and human rights organizations in other countries D. has had negligible effect on trade between china and the United States...